Byrna Technologies manufactures and sells non-lethal CO2-powered guns primarily to US citizens for personal safety. After being banned from social media, BYRN implemented a new marketing strategy leading to a 76% revenue jump in Q2 2024. BYRN's flawless balance sheet, growing sales, and new products have led to a price target of $60, a 500% increase from the current price.
Here is how Byrna Technologies Inc. (BYRN) and Fiserv (FI) have performed compared to their sector so far this year.
Byrna Technologies Inc. stock dropped 10% despite reporting strong quarterly earnings, improved margins, positive cash flow, and increased production capacity. The company ended the quarter with $25 million in cash and no long-term debt, has moved to profitability, and has a large potential market. A post-quarterly earnings assessment is provided on Byrna Technologies in the paragraphs below.
Byrna Technologies Inc. (NASDAQ:BYRN ) Q2 2024 Earnings Conference Call July 9, 2024 9:00 AM ET Company Participants Bryan Ganz - Chief Executive Officer David North - Chief Financial Officer Lauri Kearnes - Chief Financial Officer Designee Conference Call Participants Jeff Van Sinderen - B. Riley Securities Jon Hickman - Ladenburg Thalmann Operator Good morning and welcome to Byrna's Fiscal Second Quarter 2024 Earnings Conference Call.
Byrna Technologies Inc. (BYRN) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to earnings of $0.03 per share a year ago.
BYRN, CMRE and TREE made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 2, 2024.
Here is how Byrna Technologies Inc. (BYRN) and CRA International (CRAI) have performed compared to their sector so far this year.
Byrna Technologies (BYRN) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Byrna Technologies (BYRN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Byrna Technologies Inc. (BYRN) and Barrett Business Services (BBSI) have performed compared to their sector so far this year.
In the closing of the recent trading day, Byrna Technologies Inc. (BYRN) stood at $10.98, denoting a -1.7% change from the preceding trading day.
Here is how Byrna Technologies Inc. (BYRN) and ABM Industries (ABM) have performed compared to their sector so far this year.